Tesco set for £1bn national insurance bill over four years

Tesco Newbury

Source: Shutterstock

Supermarket chain Tesco is set to face a £1bn national insurance tax bill over the next four years following the recent Budget.

Chancellor Rachel Reeves introduced a plan to raise £25bn through increasing employer national insurance contributions (NICs), which is forecast to lead to job cuts and price hikes.

 

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